Bitcoin, Ethereum and Crypto Trading Notes

This is a diary of my crypto trading. I apply Ten Rules for Trading Bitcoin, Ethereum and Other Crypto. I post running updates daily. Newest posts at the top. Analyse: $EOS $XTZ $DOT $MSP $XEL

[Please click on the Green Heart. I tweet about crypto trading: BambouClub ]

# 7 July 20.50 UCT: Trading Note on Mothership $MSP ICO

It’s been a tough day. I refer you to my Rules essay not to pay too much attention to 24 h. changes. Spent the day watching Wimbledon on TV and listing to the radio commentary of England vs. South Africa Test at Lords.

My portfolio has weathered the storm pretty well. USD holdings are not shown — they are #5 after Dotcoin at #4. (I have sold 90% of my $EOS for BTC, ETH & USD.)

I participated in the Mothership ICO ($MSP). I am writing a Sheet analysing Crypto Exchanges’ profitability and it is out of this world. It’s a good idea to use any and every avenue to leverage that. The ICO is still open. Referral link.

Bought some more Elastic $XEL at 13,000 Satoshis to average down my horrible buying average of 27,000 Sats.

# 7 July 12.05 UCT: Trading Note on $XTZ Tezos ICO

Encouraged by this information, I bought more Tezos $XTZ.

# 6 July 9.54 UCT: Trading Note on $DOT

Term Deposits at Cryptopia

Cryptopia FAQ

Google Sheet illustrating compound interest rates:

90 Days pays 6.11 % p.a., 180 Days pays 12.84 %, 360 Days pays 19.81 %.

#5 July 17.12 UCT: Trading note on $DOT

DotCoin breached 300 Satoshis today. Wait for the next substantial red candles and buy and lock away in term deposits at Cryptopia Exchange.

#5 July 18.59 UCT: Trading note on Tezos ($XTZ) ICO

A couple of thoughts. I missed the initial 20% bonus period due to computer problems. We are now in the 15% bonus period. So:

ICO Price: 1 BTC = 5,000 XTZ x 1.15 = 5,750 XTZ

1 XTZ = 0.00017391 BTC

Futures price at Bitmex:

1 XTZ = 0.000351 BTC

So, the futures price is double the ICO price. Of course there might be lots of manipulation in the futures market, but a 100% premium is encouraging. I bought $XTZ.

The developers have no plans to immediately list on an exchange after the ICO:

Does one want one’s $XTZ tokens to be illiquid for four plus months? No! Anyway fringe exchanges might grab the business opportunity and provide a dodgy market using ‘IOUs’.

#5 July 18.47 UCT: Trading note on $EOS ICO

That was stressful. My computer crashed when I was travelling in Albania. I was unable to trade from Saturday 1 July to midday UCT Tuesday 4 July. I could watch markets & Tweet using my smart phone but had no access to exchanges as complex passwords are stored in passwords manager on my broken notebook PC. Refer Rule 5 Scale Out. I acted on my intention to scale out of $EOS (i.e. take a good chunk of profit) as soon as possible, which was midday UCT Tuesday 4 July.

Of course $EOS did very well when it was listed on both Kraken and Bitfinex on 1 July.

#30 June 10.47 UCT: Trading note on $EOS ICO & Tezos ($XTZ) ICO

Continue to watch the $EOS Futures price at Bitmex. Unless it increases a lot I shall not be putting more money into the initial 200 m $EOS ICO.

The Tezos ($XTZ) kicks off tomorrow (July 1st, 2017 at 6am UTC.) Those contributing in the first bonus period (400 Bitcoin blockchain blocks) receive the maximum 20% bonus. No need to set your alarm clocks. The ICO is uncapped so the bonus is available for about 66 hours from the start.

#30 June 09.05 UCT: Trading Note on the $EOS ICO

Spreadsheet here. I have dry powder at MyEtherWallet and am watching rate of contributions and EOS futures price with the possibility of buying more EOS at the last minute of first 200 m batch if there remains a nice profit priced in at Bitmex. Register with my Bitmex referral to get reduced trading fees. Other plan might be to buy more EOS now and lock in profits with a leveraged short of same position size at Bitmex.

#30 June 09.05 UCT Trading Note on $DOT:

Dotcoin $DOT is now trading at 211 Satoshis. I refer you to Rule 7 Do not Over-Trade. Lock up Coins, & Rule 8 Let Profits Run. Cut Losses. I buy $DOT Term Deposits at Topia (90 Day or 180 Day) so I cannot get my grubby hands on my tokens and sell them foolishly. Plus you get great interest at rates that don’t exist in the old fiat world. This is only the beginning. Buy $DOT or wait for red candles if you are the prudent type. Expect non-linear returns. Referral link to gain reduced trading fees at Topia.

#29 June 12.17 UCT Trading Note on $DOT:

News release from Cryptopia.

The Exchange finessed a problem into a golden opportunity. The implications are higher network security, zero inflation from miners, likely additional liquidity at Waves DEX. The market has reacted with a rally up to 96 Satoshis from 74. Expect non-linear returns. Referral link to gain reduced trading fees at Topia.

#28 June 9.58 UCT Trading Note on $DOT:

Markets have dipped in the last week. Rule 6: Buy the Dip. I am leveraging growing crypto exchange volumes by buying DotCoin. It’s a steal below 150 Satoshis and is now 74 Satoshis. $DOT is the currency at ultra-low cap exchange Cryptopia. Their daily trading volume has grown YTD 2017 100x from 5 BTC to 500 BTC . That is 10,000 % growth. The price of $DOT tracks that explosive volume growth because you have to buy DotCoin to pay for all services (E.g. Exchange Listing of a Coin, Term Deposits, etc.). $DOT MCap YTD 2017 is x9 despite recent retrace but its MCap is still tiny at $437,000. It’s like a Call on the Cryptopia Daily Volumes underlying. Expect non-linear returns. Referral link to gain reduced trading fees.

[Please click on the Green Heart. I tweet about crypto trading: BambouClub ]